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Copper: price rises as trade shrinks due to China vacation
Copper prices rose on Tuesday as the dollar lost ground, but trading volumes were thin as markets in China, the main metals consumer, are closed for the Lunar New Year vacation week. Trading will be relatively quiet throughout the week due to the Chinese New Year. But...
Steel: Indian government lifts anti-dumping duties on some products
The government on Tuesday announced the lifting of anti-dumping duties on certain steel products imported from China, a move aimed at curbing high metal prices and promoting domestic production. Countervailing duty (CVD) was also permanently removed on imports of...
Aluminum: Indian industry calls for removal of coal tax
The aluminum sector, which has played a vital role in India's V-shaped economic rebound, has demanded that the coal tax be removed from the Union Budget, to be delivered on Tuesday, in order to cut rising electricity costs for producers. In addition, NITI Aayog raised...
Steel: inventories exceed 10 million tons in 8 weeks
Producers' inventories stood at 4.36 million tons, up 2.7% from the previous week. Rebar producers' inventories stood at 1.91 million tons, up 7% from the previous week, and wire rod at 0.61 million tons, up 3.7% globally. Hot-rolled and heavy plate sales decreased...